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AGF Confirms Recovery Of $110m Worth Assets

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By Gloria Ikibah
The Minister of Justice and Attorney General of the Federation (AGF), Prince Lateef Fagbemi has confirmed the recovery and return of over $110 million assets from various countries.
The AGF disclosed this when he appeared before the House of Representatives’ Committee on Justice for the 2024 budget defence and 2025 budget proposal on Tuesday in Abuja.
However he was unable to give breakdown of the fund returned including the $52.88 million recovered assets linked to former Minister of Petroleum Resources, Diezani Alison-Madueke, by the United States government.
Fagbemi who explained that the Ministry has developed a template for most of the agreements and sharing with some of the State Governments in order to help them to review contracts, said that is where most of the damages and risks are.
While speaking on the judgement obtained against government, he recalled that the “popular case of P&ID, there were so many issues involved including engaging lawyers that are not up to the task. Some of these commercial transactions are not given to friends or lawyers merely because they are friends. They must be people who have capacities in terms of training, in terms of experience and we have learnt our lessons in this regard.
“So, we are trying our best to ensure that those we engage are those with certified  advisory given to us during the P&ID case. That whatever you want to give cases out, you don’t do it out of patronage, we look at the competence of the counsel involved.
“For instance, the mere fact that you’re a constitutional lawyer in Nigeria does not make you a good commercial lawyer or an arbitrator offshore or even here, so this one we have taken care of.”
The AGF further stated that State Governments are at liberty to engage in foreign transactions, but noted that the sub-national governments are not recognized in case there are arbitration, stressing that it is the national government that takes such responsibilities.
According to him, back home, the Federal Government can subnational governments “to pay or indemnify the national government or if they don’t indemnify, there is an implied condition that you ask them to pay or you probably deduct it from what is due to them when you’re doing the usual FAAC allocation.”
In the bid to avert future occurrences, he assured that measures are being put in place to ensure that agreements are properly signed, adding that there are instances where the Ministry has declined from approving many agreements between foreign agencies
In his address, the Chairman of the Committee, Rep. Olumide Osoba,  commended the Ministry for the landmark achievements recorded so far.
He said: “In the past year, Nigeria has witnessed significant judicial decisions that reinforce the principles of justice and governance: Supreme Court ruling on Local Government Autonomy: On July 11, 2024, the Supreme Court delivered a landmark judgment affirming the financial and administrative autonomy of local governments.
“This ruling declared it unconstitutional for state governors to withhold funds allocated to local governments or to dissolve local government councils arbitrarily, It recognized Local Governments as the third tier of Nigeria’s governance structure, thereby strengthening grassroots democracy and enhancing service delivery at the local level.
“P&ID Case Success: Nigeria achieved a significant legal victory in the case against Process and Industrial Developments (P&ID). The court quashed the previous judgment that had imposed a substantial financial liability on the country, thereby safeguarding our national assets and preserving economic stability.
“These judicial outcomes exemplify the robustness of our legal system and underscore the importance of unWavering commitment to justice and the rule of law”.
Speaking during the review of the 2024 budget defence, Rep. Osoba queried the Ministry for failure to provide details on the utilisation of N4.7 billion reportedly spent on legal services.
He explained that the Ministry is working to ensure that any entity working with Nigeria comply with the laws of Nigeria.
“There’s one critical area where we also as much as possible stand our foot, that is in the area of arbitration especially the laws that govern administration and the seat that govern arbitration.
“You know it is sad to experience a situation or situations in which people come here to take our money and still want the seat of arbitration outside Nigeria and the relevant laws that govern their transactions to be laws in England. So, they have to choose to do business with us, take our money and also comply with our own laws here.
“And so, we have arbitration and prosecution Act which was passed into law in 2023. This has significantly impacted on our fortunes in this regard”, he stated.
The lawmakers also accused the Ministry of usurping the powers of the Parliament for re-appropriating the approved funds for 2024 fiscal year for other purposes not approved by the Parliament without due process

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INEC adjusts Osun governorship election campaign period

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The Independent National Electoral Commission, INEC, has announced adjustment for the campaign period ahead of the Osun State governorship election.

The adjusted schedule for the election was announced in a statement issued on Thursday by Mohammed Kudu Haruna, National Commissioner and Chairman, Information and Voter Education Committee.

“The Independent National Electoral Commission (INEC) issued the Revised Timetable and Schedule of Activities for the 2027 General Election and adjusted the Osun State Governorship Election forward by one week from the 8th of August 2026 to the 15th.

“As a result of this adjustment, the last day for political parties’ campaigns in the state is now midnight on Thursday, August 13, 2026, in line with Section 98(1) of the Electoral Act 2026, which provides that campaigns shall end 24 hours prior to election day.

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“The Commission urges all political parties, candidates, and stakeholders to strictly adhere to the revised timeline.

“INEC remains committed to the conduct of free, fair, credible and inclusive elections,” the statement read.

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Senator Abdulaziz Yari Accused of Using Billions to Secure Vice Presidential Ambition

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Fresh allegations have surfaced against former Zamfara State Governor and current senator representing Zamfara West, Abdulaziz Yari, accusing him of engaging in large-scale financial inducements aimed at influencing political figures and advancing his ambition to become Nigeria’s Vice President.

According to claims attributed to unnamed sources, Yari is allegedly distributing billions of naira to politicians and influential individuals, while reportedly keeping detailed records of such transactions for potential leverage. The allegations suggest that these actions are part of a broader effort to position himself as a possible running mate to President Bola Ahmed Tinubu, should there be any change involving current Vice President Kashim Shettima.

The report further alleges that Yari has made substantial monthly payments to key political figures, including APC National Chairman Abdullahi Ganduje and First Lady Oluremi Tinubu, as well as providing funds to presidential aides to secure access and influence.

In addition, Yari is said to have targeted individuals within the inner circle of the President, including associates and family members. One claim alleges that he distributed millions of dollars during a recent birthday event for Gilbert Chagoury.

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The senator is also reportedly linked to the establishment of a political support group, the Renewed Hope Network, allegedly funded with billions of naira and coordinated through political ally James Abiodun Faleke.

Further allegations tie Yari to past financial dealings involving late former President Muhammadu Buhari and former First Lady Aisha Buhari, with claims that funds were exchanged and later referenced during investigations into alleged fraud cases.

Sources also claim that Yari’s wealth is partly derived from illegal gold mining activities in Zamfara State, alongside consultancy payments reportedly received from the Federal Government.

As of the time of filing this report, there has been no official response from Yari or the individuals named in the allegations. The claims also remain unverified, and no formal charges or independent confirmations have been publicly established.

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I Am Ready For 2027 – President Tinubu Declares

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President Bola Tinubu on Thursday declared that he is ready to contest the 2027 election to seek a second term in office as Nigeria’s leader.

According to him, he is ready to break the shackles of ignorance and poverty, put freedom in the hearts of Nigerians and ensure democracy survives.

Taking a swipe at opposition parties, President Tinubu said he wants to give something different from the rascality or noise-making of a street convention.

According to him, the country must submit to the principles of separation of powers and respect the judiciary even when rulings don’t favour a particular group.

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Naija News reports that Tinubu made the declaration when he met with the leadership and coordinators of the Renewed Hope Ambassadors at the Presidential Villa, Abuja.

Tinubu added that he can’t be intimidated by the antics of opposition parties and politicians, declaring that he was once in their shoes and understands the game.

“They want to scare me off? It’s a lie. I have been through this path before, and if I have to come back over and over again, I will do the same thing,” he added.

Meanwhile, the Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has berated former Vice President Atiku Abubakar over his interest in the 2027 presidency.

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Onanuga argued that Atiku is simply pursuing a self-serving interest without regard for zoning or Nigeria’s power rotation arrangement, which gives preference to a southern candidate for the 2027 presidency.

According to the presidential media aide, Atiku has constantly disregarded zoning arrangements in his previous ambitions for the presidency, leading to a crisis in the Peoples Democratic Party (PDP).

He added that Atiku’s open declaration of intent to contest the 2027 presidency is following the same route and may plunge the African Democratic Congress (ADC) into similar troubles.

Onanuga, however, predicted that Atiku would suffer a resounding defeat at the polls, describing him as a man who never learns.

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